2012 Fiscal Year Final Research Report
The Effects of Uncertainty of Economic statistics in policy estimation using Real-Time data
| Project/Area Number |
22530281
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Economic policy
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| Research Institution | Nihon University |
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Principal Investigator |
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| Project Period (FY) |
2010 – 2012
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| Keywords | リアルタイム / データ / リヴィジョン / スタディ / 金融財政政策 |
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| Research Abstract |
We make the real time data set for Japanese macroeconomic statistics. We estimate the property of statistics before and after data revision. We find it is difficult to forecast data revision, so data revision affects the making the economic policy. For example, CPI base year revision affected the money market and monetary policy because data revisions could not be forecasted in advance.
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